Large petrochemical complex to be launched in western Kazakhstan in 2021

NUR-SULTAN, Kazakhstan – The launch of an integrated gas chemical complex in the west of Kazakhstan in the Atyrau region is scheduled for 2021. The new complex will produce products of such grades of polypropylene as films and sheets, raffia sheets, fibers, fiber, cast film, the managing director for technology of Kazakhstan Petrochemical Industries (KPI), […]

Ukraine’s former PM Tymoshenko tests positive for COVID-19

Ukrainian former Prime Minister, Yulia Tymoshenko has tested positive for the novel Coronavirus, and is in serious condition, her party’s spokesperson said on Sunday. The announcement, made on Facebook by the spokesperson of the “Fatherland party”, Marina Soroka, reads that “her condition is assessed as serious, her temperature is up to 39 [Celsius degrees]. Tymoshenko, is […]

IRENA: Renewable power cheaper than coal

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published on June 2 shows. Renewable Power Generation Costs in 2019 shows that more than half of the renewable capacity added in 2019 achieved lower power costs than the cheapest new […]

Moscow goes on full lockdown

Moscow, Russia’s capital and Europe’s largest city with a population of 12 million, on Monday imposed a coronavirus lockdown. Under the new measures, all nonessential shops, including restaurants and cafes are closed. Citizens will only be allowed to leave their homes in case of a medical emergency, to travel to essential jobs and to shop […]

IMF finds decrease in Ukraine’s purchasing power

According to figures released by the International Monetary Fund, in 2019, Ukrainians had significantly less purchasing power than Russians, Belarussians, and Poles. Purchasing power parity is the rate at which the currency of one country would have to be converted into that of another country to buy the same amount of goods and services in […]

Kazakhstan and Switzerland start new level of business cooperation

NUR-SULTAN, Kazakhstan – Six memorandums to launch new joint projects in tourism, banking, transport and agriculture were signed following the Kazakh-Swiss business forum as part of the official visit of Swiss President Ueli Maurer to Nur-Sultan on 22 November. Maurer, who was accompanied to Kazakhstan by a delegation of Swiss business representatives and participated in […]